Comment on Piketty, inequality and volatility: How can r exceed g?parentComments−mlamat12yHe explains all the terms at the start of the book. He has his own definition for capital which also includes real-estate etc...OP's post is just an argument against a straw man. BTW. Piketty also says that the problem with modern economics is too much focus on fancy math.
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He explains all the terms at the start of the book. He has his own definition for capital which also includes real-estate etc...
OP's post is just an argument against a straw man. BTW. Piketty also says that the problem with modern economics is too much focus on fancy math.